Following are the financial statements of Target Corporation from its fiscal year Target Corporation Consolidated Statements of
Fantastic news! We've Found the answer you've been seeking!
Question:
Following are the financial statements of Target Corporation from its fiscal year
Transcribed Image Text:
Target Corporation Consolidated Statements of Financial Position For Fiscal Years Ended ($ millions) Assets Cash and cash equivalents Feb. 2, 2019 Feb. 3, 2018 $1,556 $2,643 Inventory Other current assets Total current assets Property and equipment Land 9,497 8,597 1,466 1,300 12,519 12,540 6,064 6,095 Buildings and improvements 29,240 28,131 Fixtures and equipment 5,912 5,623 Computer hardware and software 2,544 2,645 Construction-in-progress 460 440 Accumulated depreciation (18,687) (18,398) Property and equipment, net 25.533 24,536 Operating lease assets 1,965 1,884 Other noncurrent assets 1,273 1,343 Total assets $41,290 $40,303 Liabilities and Shareholders' investment Accounts payable 59,761 $8,677 Accrued and other current liabilities 4,201 4,094 Current portion of long-term debt and other borrowings 1,052 281 Total current Babilities 15,014 13,052 Long-term debt and other borrowings 10,223 11,117 Noncurrent operating lease liabilities 2,004 1,924 Deferred income taxes 972 693 Other noncurrent liabilities Total noncurrent liabilities 1,780 1.866 14,979 15,600 Shareholders' investment Common stock 43 45 Additional paid-in-capital 6,042 5,858 Retained earnings 6,017 6,495 Accumulated other comprehensive loss (805) (747) Total shareholders' investment 11,297 11,651 Total liabilities and shareholders' investment $41,290 $40,303 Target Corporation Consolidated Statements of Financial Position For Fiscal Years Ended ($ millions) Assets Cash and cash equivalents Feb. 2, 2019 Feb. 3, 2018 $1,556 $2,643 Inventory Other current assets Total current assets Property and equipment Land 9,497 8,597 1,466 1,300 12,519 12,540 6,064 6,095 Buildings and improvements 29,240 28,131 Fixtures and equipment 5,912 5,623 Computer hardware and software 2,544 2,645 Construction-in-progress 460 440 Accumulated depreciation (18,687) (18,398) Property and equipment, net 25.533 24,536 Operating lease assets 1,965 1,884 Other noncurrent assets 1,273 1,343 Total assets $41,290 $40,303 Liabilities and Shareholders' investment Accounts payable 59,761 $8,677 Accrued and other current liabilities 4,201 4,094 Current portion of long-term debt and other borrowings 1,052 281 Total current Babilities 15,014 13,052 Long-term debt and other borrowings 10,223 11,117 Noncurrent operating lease liabilities 2,004 1,924 Deferred income taxes 972 693 Other noncurrent liabilities Total noncurrent liabilities 1,780 1.866 14,979 15,600 Shareholders' investment Common stock 43 45 Additional paid-in-capital 6,042 5,858 Retained earnings 6,017 6,495 Accumulated other comprehensive loss (805) (747) Total shareholders' investment 11,297 11,651 Total liabilities and shareholders' investment $41,290 $40,303
Expert Answer:
Answer rating: 100% (QA)
Q1 February 2020 Total Revenue 75356 million 1 36 78128 million Cost of Sales 78128 million 707 55172 million Selling General and Administrative Expenses SGA 78128 million 209 16318 million Depreciati... View the full answer
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Posted Date:
Students also viewed these accounting questions
-
Following are the financial statements of Target Corporation from its fiscal year ended February 2, 2019. Target Corporation Consolidated Statements of Financial Position For Fiscal Years Ended ($...
-
Refer to the financial statements of Target Corporation in Appendix B at the end of this book. All dollar amounts are in millions. Use the notes to the financial statements for answering some of the...
-
Refer to the financial statements of Target Corporation in Appendix B at the end of this book. All dollar amounts are in millions. Data From in Appendix B 1. Did the company accrue more or pay more...
-
Identify in which ledger (general or subsidiary) each of the following accounts is shown: 1. Rent Expense 2. Accounts Receivable-Chen 3. Bank Loan Payable 4. Service Revenue 5. Salaries Payable 6....
-
A longitudinal standing wave is established in a tube open at only one end (see the drawing). The frequency of the standing wave is 660 Hz, and the speed of sound in air is 343 m/s. What is the...
-
The frame for a sign is fabricated from thin, flat steel bar stock of mass per unit length 4.73 kg/m. The frame is supported by a pin at C and by a cable AB. Determine (a) The tension in the cable,...
-
In February 2014, defendant Ibrahim M. Shihadeh, d/b/a Creative Designs Kitchen and Baths, agreed to purchase 25% of his anticipated natural gas needs at a fixed price for the 201415 and 201516...
-
Based on Crow Manufacturings data in Exercise 2420, assume that a transfer price of $110 has been established and that 40,000 units of materials are transferred, with no reduction in the Materials...
-
Mr. Smith, a high school teacher in Gander, decided to quit his current job and opened a private tutorial firm. He gave up his $38,940 a year job as a teacher. He used $27,500 of his savings that...
-
8. Which of the following is the strongest base is water? (a) N (b) HIN (d)
-
Marcel has a whole life insurance policy with a face value of $75,000, a cash surrender value of $38,860, and an adjusted cost basis of $21,654. His annual premium of $3,655 is due March 10. If...
-
If Oaktree decides to pursue equity control of Quiksilver, what plan should they propose? What would the pro forma capital structure look like? What debt should to be reinstated? How much leverage is...
-
Jacob and Susan Merritt are going to start a family limited partnership for the benefit of their children. They are going to meet with an attorney to discuss the implications and requirements of the...
-
The income statement provided by employees of Walters Corporation exhibits several weaknesses in classification and disclosure. Let's discuss these weaknesses and suggest improvements in accordance...
-
Assume there are 10 equally sized hospitals in a market area. 1. Calculate the HHI. 2. Consider the case where two hospitals in the market area inform the Department of Justice (DOJ) that they wish...
-
Can you please explain me this? Thanks! Amandas utility bill stated that interest would be charged at a rate of 3.5% per month on any outstanding payments on the invoice. What effective interest rate...
-
(a) Given a mean free path = 0.4 nm and a mean speed vav = 1.17 105 m/s for the current flow in copper at a temperature of 300 K, calculate the classical value for the resistivity of copper. (b)...
-
Trotmans Variety Store is completing the accounting process for the current year just ended, December 31. The transactions during the year have been journalized and posted. The following data with...
-
Raija received a gift from his grandmother of $100,000. She has promised to pay Raija the $100,000 in equal installments at the end of each year for the next 10 years. Raija wants to know how much...
-
If the ending balance in accounts payable decreases from one period to the next, which of the following is true? a. Cash payments to suppliers exceeded current period purchases. b. Cash payments to...
-
Brennan Corporation began 2015 with a $90,000 balance in the Deferred Tax Liability account. At the end of 2015, the related cumulative temporary difference amounts to $350,000, and it will reverse...
-
Starfleet Corporation has one temporary difference at the end of 2014 that will reverse and cause taxable amounts of $55,000 in 2015, $60,000 in 2016, and $75,000 in 2017. Starfleets pretax financial...
-
The following information is available for McKee Corporation for 2015. 1. Excess of tax depreciation over book depreciation, 40,000. This 40,000 difference will reverse equally over the years...
Study smarter with the SolutionInn App